Savvy
CREDIT CARDS. MORTGAGE. MINIMUM PAYMENTS.
Get off the bank's favorite customer list.
Savvy helps you pay down credit cards and your mortgage faster, using the credit cards you already have as your line of credit. It can work even if your cash flow is slightly negative.
Watch how Savvy works, in about two minutes.
HERE'S THE MATH
The bank's favorite customer pays for thirty years, or can only pay the minimum due.
THE MORTGAGE
$300,000 at 6.5% over 30 years
$382,633
in interest over the life of the loan. That's more than the house.
THE CREDIT CARD
$15,000 balance at 24% APR, paying only the minimum due
26 years
to pay it off, and about $28,442 in interest.
Illustrations only. The mortgage assumes a fixed rate. The credit card assumes no new charges and a minimum due figured as monthly interest plus 1% of the balance, with a $35 floor. Loan and card terms differ.
Have you been turned down for a home equity line of credit?
Most velocity banking programs need one. And with negative cash flow, getting out of debt can feel impossible.
WHAT MAKES SAVVY DIFFERENT
Your credit cards become your line of credit
Savvy can use the credit cards you already have.
Even with slightly negative cash flow
Savvy is built to help people escape the debt trap.
We turn debt into cash flow
Using our proprietary software.
A monthly action plan to follow
Every month, we give you the plan. You don't do this by yourself.
AN EXAMPLE
Say your plan finds $500 a month, and you put it on top of the minimum.
Same credit card: a $15,000 balance at 24% APR.
Minimum due only
about 26 years
Minimum due plus $500 a month
about 27 months
More than $24,000 less interest.
That's money the bank doesn't get. And that is not chump change.
Illustration only. Assumes no new charges and a minimum due figured as monthly interest plus 1% of the balance, with a $35 floor. It does not include any cost of the credit used as your line of credit. Card terms differ, and your results may differ.
How it works
1
Put in your details
Your first name and email. That's all we need to start.
2
We check your numbers
We look at your debts and your cash flow, and tell you straight whether Savvy fits.
3
Follow your monthly action plan
Every month, we give you an action plan to follow.
STRAIGHT TALK
This isn't for everybody.
It takes discipline, and you have to follow your plan every month. So we check your numbers first.
Sherrie Hunter-Henry, J.D.
Co-founder · J.D., Tax Law · Howard University graduate
I built the Savvy Concept back in 2008, and I have used it with clients ever since.
Questions people ask
I was turned down for a home equity line of credit. Can Savvy still work for me?
It may. Savvy can use the credit cards you already have as your line of credit.
My cash flow is negative. Is this for me?
If it is slightly negative, it may be. We check your numbers first and tell you straight.
What happens after I put in my details?
You will get a complete overview of the Savvy program, enough to make a decision about moving forward.
What does it cost?
A one-time setup fee, then a monthly subscription fee that you can cancel at any time.